Antero Ressources on an arch downwards, short
Hello traders!
After 3 times Divergence with the MACD and 2 times bouncing off of the 4.25 resistance, I believe that the price of Antero Resources will move back down in an arch-pattern to 2.39 if not even close to the historical low of 0.63. The MACD looks pretty pessimistic and the RSI is far away from being oversold. Since the 50 SMA has worked as support/resistance in the past, I call a short as soon as the price crosses it down.
VF Investment cannot be held responsible for any financial damages suffered from following our well-funded but personal opinions and trading ideas.
Please, maintain proper position sizing and risk management!
After 3 times Divergence with the MACD and 2 times bouncing off of the 4.25 resistance, I believe that the price of Antero Resources will move back down in an arch-pattern to 2.39 if not even close to the historical low of 0.63. The MACD looks pretty pessimistic and the RSI is far away from being oversold. Since the 50 SMA has worked as support/resistance in the past, I call a short as soon as the price crosses it down.
VF Investment cannot be held responsible for any financial damages suffered from following our well-funded but personal opinions and trading ideas.
Please, maintain proper position sizing and risk management!
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